Catlyst-backed Videology receives credit facility to expand
By Kelly Liyakasa
Videology revealed Wednesday that it received an $80 million credit facility from lending and payment services provider FastPay and Tennenbaum Capital.
Since its founding a decade ago, Videology has raised about $121 million in capital financing, but at this advanced stage in the company’s lifecycle, it didn’t necessarily make sense to raise another round of costly VC capital, said Videology CEO Scott Ferber.
“We went after an $80 million credit facility because we see more opportunity to do for our linear TV clients what we did with digital – which is to make [transactions] more fluid,” said Ferber, noting that a credit facility will provide Videology more liquidity with which to expand its advanced TV business globally.